Chief economic adviser Arvind Subramanian to return to US

Subramanian joined as the chief economic adviser on October 16, 2014 for a period of three years, which was extended by another year till October 2018.

Chief Economic Adviser Arvind Subramanian will go back to the U.S. after serving almost four years in the post, Union Minister Arun Jaitley said today. In a farewell note posted on Facebook (FB), union minister Arun Jaitley reminisced about his association with the Oxford graduate.

Praising Subramanian's contribution, Jaitley said his early diagnosis of the twin balance-sheet problem led the government to adopt the strategy of increasing public spending to support India's economic growth.

Subramanian quit owing to family commitments, Jaitley said in his FB post. He tweeted: "Profoundly grateful and humbled by these extraordinarily generous words by Minister Arun Jaitley announcing my decision to return-for personal reasons-to researching and writing. He left me with no option but to agree with him", Jaitley said.

Subramanian, a former economist at the International Monetary Fund (IMF), had originally planned to return to his family in the U.S. at the end of three years, reported the Mint.